Source : http://www.myfoxatlanta.com/dpp/news/local_news/Bartering-Sees-Comeback-with-Businesses-20110511-am-sd
Summary:
This article mainly discusses about how the traditional barter system is once again being seen on the market very frequently. Small businesses have put the barter system into great usage and is not only bearing through the economy but also earning many profits. Furthermore, an interview was scheduled with small business owner Joe Cox, questioning about his methods of taking advantage of the barter system. Joe stated:""I get all my landscaping done, painting at my shop, gutters, dental care, I get all my basic necessities - prescription glasses." Experts say the key to bartering is finding the right network for you.
Connections:
The barter system is one of the topics we have covered in this chapter. It is a method of exchange by which goods or services are directly exchanged for other goods or services without using a medium exchange (money). The reason why money was created later on in the economy was so that people will put a value to it, and use it as if it was worth something. But in the article, people have seemed to found that the barter system (traditional way) was a better way of doing business in the economy nowadays.
Reflection:
I feel like we should take into precaution that people are bringing back the old ways of exchanging goods or services with one another. This could be a very big factor for a decrease in the value of our Canadian dollar. People tend to use the barter system as an escape of paying for the taxes as well, because if you just exchange services without using money, then you don't have to pay for any taxes.
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